Details:
7.75% @ 2 points, 3/1 ARM (fixed 3 years), 15 year amortization.
8.078% APR (Annual Percentage Rate)
75% with no loan amount limit. Residential properties. Zoning to 4 units OK.
Loan amount limited by a plan to build with construction loan limited to under $3M
Not for builder/developers, LLCs, spec properties.
APR calculated using $300,000 loan amount.